Insurance - 3
Flashcard
•
Business
•
11th - 12th Grade
•
Hard
Wayground Content
FREE Resource
Student preview
31 questions
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1.
FLASHCARD QUESTION
Front
A claim is...
Back
a formal request for payment from the insurance company
2.
FLASHCARD QUESTION
Front
A deductible is...
Back
the price you pay out of pocket from a claim before the insurance company will
3.
FLASHCARD QUESTION
Front
An insurance policy is a _________ that outlines coverage between you and the insurance company
Back
contract
4.
FLASHCARD QUESTION
Front
The risks and events that are protected in the policy
Back
Coverage
5.
FLASHCARD QUESTION
Front
A financial product purchased to shift the risk
Back
insurance
6.
FLASHCARD QUESTION
Front
The ________ is the consumer that is covered by insurance policy.
Back
policyholder
7.
FLASHCARD QUESTION
Front
The price you pay for the policy is...
Back
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